FY2027 Earnings Estimate for Cintas Issued By Zacks Research

Cintas Co. (NASDAQ:CTAS) – Research analysts at Zacks Research upped their FY2027 earnings per share estimates for shares of Cintas in a research note issued to investors on Monday, November 11th. Zacks Research analyst R. Department now forecasts that the business services provider will post earnings of $4.99 per share for the year, up from their prior estimate of $4.98. The consensus estimate for Cintas’ current full-year earnings is $4.23 per share.

CTAS has been the topic of several other research reports. Royal Bank of Canada upped their price target on Cintas from $181.00 to $215.00 and gave the stock a “sector perform” rating in a research note on Thursday, September 26th. Truist Financial increased their target price on Cintas from $212.50 to $225.00 and gave the company a “buy” rating in a research note on Tuesday, September 17th. Barclays increased their target price on Cintas from $210.00 to $245.00 and gave the company an “overweight” rating in a research note on Friday, September 27th. Baird R W cut Cintas from a “strong-buy” rating to a “hold” rating in a report on Friday, July 19th. Finally, Robert W. Baird upped their price objective on Cintas from $194.00 to $209.00 and gave the company a “neutral” rating in a research report on Thursday, September 26th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $199.63.

Cintas Stock Performance

Cintas stock opened at $224.11 on Tuesday. The company has a quick ratio of 1.33, a current ratio of 1.53 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $90.38 billion, a P/E ratio of 56.59, a PEG ratio of 4.45 and a beta of 1.32. The stock’s 50 day moving average is $219.80 and its 200 day moving average is $194.17. Cintas has a twelve month low of $132.65 and a twelve month high of $227.35.

Cintas (NASDAQ:CTAS) last posted its earnings results on Wednesday, September 25th. The business services provider reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.10. Cintas had a return on equity of 39.56% and a net margin of 16.80%. The firm had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.49 billion. During the same quarter in the prior year, the business earned $3.70 EPS. The business’s revenue for the quarter was up 6.8% on a year-over-year basis.

Cintas announced that its Board of Directors has initiated a share buyback program on Tuesday, July 23rd that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the business services provider to repurchase up to 1.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

Cintas Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 15th will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date is Friday, November 15th. Cintas’s payout ratio is presently 39.39%.

Hedge Funds Weigh In On Cintas

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CTAS. Trustmark National Bank Trust Department lifted its stake in shares of Cintas by 302.3% in the 3rd quarter. Trustmark National Bank Trust Department now owns 22,727 shares of the business services provider’s stock valued at $4,679,000 after purchasing an additional 17,078 shares during the last quarter. Cypress Capital Group lifted its stake in shares of Cintas by 298.8% in the 3rd quarter. Cypress Capital Group now owns 3,900 shares of the business services provider’s stock valued at $803,000 after purchasing an additional 2,922 shares during the last quarter. Landscape Capital Management L.L.C. lifted its stake in shares of Cintas by 367.6% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 7,253 shares of the business services provider’s stock valued at $1,493,000 after purchasing an additional 5,702 shares during the last quarter. Intech Investment Management LLC lifted its stake in shares of Cintas by 1,173.0% in the 3rd quarter. Intech Investment Management LLC now owns 125,214 shares of the business services provider’s stock valued at $25,779,000 after purchasing an additional 115,378 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in shares of Cintas by 276.8% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 511,575 shares of the business services provider’s stock valued at $105,323,000 after purchasing an additional 375,790 shares during the last quarter. 63.46% of the stock is owned by institutional investors.

About Cintas

Cintas Corporation engages in the provision of corporate identity uniforms and related business services primarily in the United States, Canada, and Latin America. It operates through Uniform Rental and Facility Services, First Aid and Safety Services, and All Other segments. The company rents and services uniforms and other garments, including flame resistant clothing, mats, mops and shop towels, and other ancillary items; and provides restroom cleaning services and supplies, as well as sells uniforms.